Thailand establishes currency monitoring committee

The Thai Chamber of Commerce (TCC) have agreed to cooperate with
government organisations in establishing a currency committee to ensure
baht stability in a meeting with the Ministry of Finance, a new media
resource said.

The committee will focus on
ensuring the stability of baht in terms of exchange rate and its value
and preventing fluctuations of the currency in the future.

Thai baht is forecast to fluctuate within the range of 31.8 and 32.2
baht per US dollar this week unless there are major changes in the
United State ’s monetary policy.

The range of
baht against the greenback will depend on several factors in the US ,
such as property sales, consumer, housing and income indexes, among
others, a report of the Kasikorn Research Center (KSC) stated.

Domestic factors are also considered to have impact on the fluctuation
of baht, including overseas trade figures, July’s economic report, and
the number of the jobless filing for unemployment benefits, it said.-VNA